Church Community Housing Corporation
Church Community Housing Corporation
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About this organization
Mission
Provide housing opportunities for low and moderate income persons
About
The organization provides home ownership and rental opportunities to low and moderate income persons through rental of property, acquisition, rehabilitation and sale of properties and development of affordable housing. The organization has 123 apartments available for rent at affordable rates. The organization successfully resyndicated a tax credit property with continuing affordability. The organization worked on 10 properties in various stages of rehabilitation including those sold during the year. For properties sold to low and moderate income persons, the organization retained ownership of the land under a land trust model and sold the building with a ground lease limiting future sales to persons meeting income limits for low and moderate income households. The organization owns 104 parcels of land under the land trust model.
Interesting data from their 2020 990 filing
The non-profit's aim, as indicated in the filing, is “To provide affordable housing for low and moderate income persons primarily through financial and technical assistance in home ownership and rental opportunities.”.
When referring to its functions, they were specified as: “Provide housing opportunities for low and moderate income persons”.
- The non-profit has reported their operating state as RI, as required by law.
- As stated in the filing, the non-profit's address in 2020 was 50 WASHINGTON SQUARE, NEWPORT, RI, 02840.
- The non-profit's form reports a total of 14 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,899,380.
- The organization has 10 independent voting members.
- The organization was formed in 1969.
- The organization pays $960,156 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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